How to compute limit of GST composition scheme if GST comes on 1st July 2017
If GST will come from 01.07.2017, for calculating limit of Rs.50 Lacs under composition scheme, the turnover from April’2017 to 30 June, 2017, is to be considered or turnover for April 2016 to March’2017? Answer: The provision of section 9 Draft CGST Law provides that the turnover of preceding financial year will be considered for… Read More »